OBSOLETE CARD
Card Highlights
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Bank Of America Premium Rewards Elite Credit Card is a Credit Card
With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.
Card Rewards
Earn Points with the card. Learn about Bank Of America Premium Rewards points here.
Sign-up Bonus
50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening. Before you apply, make sure you are not limited by the Bank Of America 2,3,4 rule or 24 month rule.
Annual Fee
$550
Earn Points on Spending
Earn 2X points on travel purchases and dining purchases and click here for a complete definition of travel and dining from Bank Of America.
Earn 1.5X points on all other purchases.
$300 Annual Airline Travel Credit
Get up to a $300 Airline Incidental Statement Credit each calendar year for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees. The credit is automatically applied to your card statement.
$100 Global Entry or TSA Pre✔ Fee Credit
Receive a statement credit of up to $100 every 4 years as reimbursement for the application fee charged to your card for Global Entry or TSA Pre√.
$150 Lifestyle Credit
You can receive a statement credit of up to $150 each calendar year for rideshare, food delivery, streaming service and fitness transactions at select merchants.
Priority Pass Select
You get a complimentary annual membership into the Priority Pass Lounge Program.
No Foreign Transaction Fees
Pay no foreign transaction fees when you use your card on purchases made outside the United States.
Preferred Rewards Clients Earn Bonus Points On Purchases
If you’re a Bank of America Preferred Rewards client, you can enjoy 25% – 75% rewards bonus on every purchase. That means you could earn up to 3.5 points per $1 on travel and dining purchases and up to 2.62 points per $1 on all other purchases. To learn more about this program call
1.888.888.7937.
Redeeming Points
On airfare-Get 20% savings on airfare paid for with points through the Bank of America Travel Center or the Concierge.
Other purchases-You can redeem points for a travel credit, cash reward, electronic deposit into a Bank of America checking or savings account, etc starting at 2,500 points (i do not recommend redeeming for gift cards and you get the best value redeeming for travel credits). A travel credit is applied as a statement credit to your account to offset travel purchases from qualifying merchants in these travel-related categories. Qualifying travel purchases are eligible for a travel credit for 12 months from the posting date. Each point redeemed for a travel credit for other travel is worth $0.01 (2,500 points = $25).
More About The Card
Apply For The Card Here
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